EURUSD: Key Levels to Watch Next Week 🇪🇺🇺🇸
Updated
Hey traders,
I guess you all saw this crazy bearish rally on EURUSD.
I decided to analyze a monthly structure and check where are we trading at the moment:
the point is that the market violated 1.03 - 1.07 monthly demand area to the downside.
The closest strong support that I see is 0.946 - 0.975 demand area.
I believe that the market can drop to that zone.
Also, consider 0.82 - 0.84 zone based on 22 years' low.
Locally the pair looks too oversold to me though.
I assume that we may see a pullback first before we drop lower.
Good luck next week!
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